Annual Report 2018

Grieg Group had an overall pre-tax profit of NOK 926 million on a turnover of NOK 9,7 billion. Equity is NOK 7,6 billion (46%), and the Group is well positioned for the future.

-We consider 2018 as a good year for the Grieg Group, says Wenche Kjølås, CEO in Grieg Maturitas.

• Grieg Seafood reported another strong year in a growing salmon market. Production increase of 20%, harvest volume up to 75 000 ton. Target is 100 000 ton in 2020.
• Grieg Star experienced improved earnings due to better market conditions and synergies from the establishing of G2 Ocean.
• Grieg Shipbrokers, satisfactory, given market conditions. Good progress within Maritime Finance and chartering activities within Dry Bulk, Gas and specialized tankers.
• Grieg Logistics’ companies within digital services to harbors and port operations, merged into Grieg Connect, and the market position is strengthened.
• Grieg Green reinforced its position as one of the few players providing sustainable ship and rig recycling in the world.
• Grieg Investor has launched new services and focused on sustainable capitalism. Achieved another year with growth and strong results.
• Grieg Kapital was established in 2018 to better coordinate capital investments, improve and strengthen the Group’s asset management activities.